Examlex
If the demand for a good falls when income falls,then the good is called a(n)
Projected Benefit Obligation
The present value of estimated future payments required to settle the obligations of a pension plan over its employees' expected future service.
Plan Assets
Assets that are held by a retirement plan from which the benefits to the participants are to be paid.
Funded Status
A measure of the financial health of a pension plan, indicating the difference between plan assets and liabilities.
Actuarial Value
A measure of the average amount of benefit a health insurance plan is expected to pay, used to compare different health insurance policies.
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